If you're in the market for a new 27-inch iMac with a gorgeous new Retina Display, we may have some good news for you, courtesy of one analyst with a pretty good track record for such predictions. Our Wednesday Morning Report also includes an apology from U2 frontman Bono for pushing that free album on iTunes users, as well as a peek at a new Mac app for Instagram. Click, read, and enjoy!

Have your heart set on an iWatch later this year? Analysts have been keeping a close eye on Apple's supply chain lately, and it seems production issues may keep the wearable from shipping in significant numbers before the end of the year. Elsewhere on the web, you can now convert a MacBook Pro into a tablet, and a new desktop publishing application hits the Mac App Store in today's Morning Report.

Remember not so long ago when the rumor mill claimed Apple wouldn't be unleashing a phablet-sized, 5.5-inch iPhone 6 this year due to supply chain problems? Turns out assumption may have been the correct one after all.

Apple's forthcoming iPhone 6 continues to make headlines across the rumor mill, with new word of a major differentiating feature for the phablet-sized model and a possible release date looming on the horizon.

As WWDC 2014 quickly approaches, the rumor mill has turned to an iMac refresh and other idle speculation in recent days, mostly jumping off the so-called "iWatch" bandwagon — a brief reprieve that ends right about now.

It's time to get ready for a bigger iPhone, at least if you buy into the latest round of rumors. As AppleInsider reports, the latest one comes from analyst Timothy Arcuri of Cowen and Company, who issued a note stating to investors that Apple's next smartphone would have a roomy 4.8-inch display and quick 802.11ac Wi-Fi. According to Arcuri, Apple has already "locked down" this design.

Is the iPhone 5c living up to Apple's expectations? Outside of its Cupertino headquarters, that's anyone's guess, but a new report claims the company is cutting back on fourth quarter orders for the handsets.